I found that i am leaving a lawless country recently when my car was seize for a Loan which i had cleared from HDFC bank .I had prepaid my loan and was yet to take the release certificate since HDFC bank had messed up with some cheques which they were bouncing even though they were encashing alternate cheques i had given them . One fine day they seized my car on the basis of the old cheques i had given them and which they had returned back to me . I went with my lawyer and showed them the complete details .They said that they would settle the issues and send me the car back to my house and now i have found that they have sold the car to a dealer and i have now gone to court and have filed a case both in the consumer court and a civil court .Looks like i am in for future trouble since for no falut of mine i have under go all this hell. Please be very carefull with HDFC bank .Looks like this bank and the institution itself is run like a criminal enterprise . Even their ULIps sucks and i have found that you lose your capital if you invets in their ULIps .Beware of this bank and it is better to dela with Banks like some good co-operative banks for any needs .
RE:HDFC Bank is a Criminal Enterprise
by Rajesh Saphare on Sep 28, 2007 08:45 PM Permalink
Anil, I thought to take a auto loan for a new car from ICICI Bank..... but after your experience I will buy the car without any loan from any bank.....may be i have to wait for an year.....will do so
RE:RE:HDFC Bank is a Criminal Enterprise
by Vijay Shankar on Sep 29, 2007 08:01 AM Permalink
For whatever its worth, please put in complaints and use media where possible. Only public shaming and exposure will teach these big banks a lesson. If people like you keep quite then others will also falll into same traps. Thank you for sharing your experience. We are all wiser now. I saty abroad and have many friends who have invested in the ULIPS in the banks you mentioned. I am afraid what will be the outcome.
RE:RE:RE:HDFC Bank is a Criminal Enterprise
by satish kumarj on Sep 29, 2007 05:05 PM Permalink
Hi You are right,since ulip charges more than 50% as initial charges.to get your capital back..its entirely luck..at lst u will end up n getting only capital or may not satish
RE:HDFC Bank is a Criminal Enterprise
by PG on Sep 29, 2007 05:35 PM Permalink
My husband's account was in HDFC and once they bounced his cheque given to his client even the enough money was available in hios account. When he complained, the manager replied very harshly. He filed a case against the bank in consumer court. He won the case and the court ordered the bank to pay him some amount. Even after that the bank is not ready to pay. How ridiculous this bank is!
RE:HDFC Bank is a Criminal Enterprise
by madhur malik on Sep 30, 2007 08:59 PM Permalink
Its very true. I had a major problem with HDFC Credit Card & Demat A/c. HDFC is not a good bank at all. There systems are hopeless. Once you fall in their marketing trap with rosy clailms, u are sucked for life. If you open any account they will do so in a day but when you wish to close the same you are in big trouble. It took me one month & 12/15 letters to close my credit & demat account each.
HDFC won't b able to survive if this continues for long. They are getting exposed & media soon will do the rest.
